The South African 10 year bond yield has found support off the intersection of the 200dma and the previous change of polarity point between 9.55%-9.65%. Momentum seems to be shifting up which could see us move back to the top of the range at around 11.16%.
@KalaGhazi #ObsEva SA has been volatile last week I do see an upside Good luck
I didn't place the trade but I just forecasted and let it run. This was due to having a very hectic week but either way we learned and the new week could be either slow or on fire depending on the amount of traders entering the market this week.
I placed trades earlier here, because my day was so busy. I couldn't post the forecast I had but I longed for 57 pips and TP hit. Just waiting for more opportunities.
Yup, on the 1D JSE:HYP chart it's all bad: - Bear channel (not bull flag!), - MACD death cross, - RSI @37 but looks like it has more to give, - Price < 5EMA < 15EMA < 200DMA. Yucky. HOWEVER, if you enjoy rolling the dice on bottom picking, consider the following: - During the peak of the Covid selloff (no vaccines, armageddon, etc) HYP was trading in a...
Remgro remains one of my favourite “SA Inc” type of company by a country mile. Even after a 16% run over the past week, still leaves the company trading at a current discount to its intrinsic value of over 40% (compared to an average 10-year discount of 15.6%). We therefore firmly believe in the longer-term opportunity REM offers, even at current prices. Also,...
Tanking a 7 day short position. Riding through the mositive outlook given on SA rebuilding and scaling production back up and replenishing reserves by end of month.
In 1 day TF, in 4 hour TF, in 1 hour TF and even in 15 min timeframes, the trend is bearish.
AB=CD Pattern with massive Feb Confluence 38.2 and ex 1618 at same point with RSI divergence
DUST appears oversold right now. The TSI is oversold and at previous places where reversals take place. I am looking at a move up out of a descending wedge pattern to complete the AB=CD pattern. Also getting a stochastics cross LE recommendation. Expecting a similar move higher as seen Yesterday, the 9th. Note this is a 15 minute chart
SA looks to be oversold (blue circles) and consolidating. RSI and %R are very oversold. Typically a run up is expected (but not always) into the red circle sell points. Stochastics strategy is indicating a Long Entry (LE). The pattern forming could look like a bear flag, but is very similar to a turn pattern from 11-5-2014 ( see gold bars). TSI looks to be...
This New-Wave Elliott Chart since 1900 is accompanied by Market Values showing a clear channel at three degrees of trend, the restitution of Elliott's A-B Base is one of the major, formerly missing pieces allowing this Supercycle Channel. Another is the Diag II as an essential Bearish pattern to indicate the beginning of a long Bear market trajectory. The essence...